Citi Comments on Delta Air Lines (DAL)

Citi analyst Stephen Trent reiterated a Buy rating and $56.00 price target on Delta Air Lines (NYSE: DAL).

The analyst comments "Delta struck a reasonable tone on its 4Q results conference call, with management highlighting macro factors and an expected $350M y-o-y increase in expected maintenance expense, as factors in the nuanced 2024 guidance commentary. Against this backdrop, today’s stock price reaction seems a little hard to understand for a carrier that might double its multi-billion-dollar FCF generation this year. Citi reiterates its Buy rating on the shares."

For an analyst ratings summary and ratings history on Delta Air Lines click here. For more ratings news on Delta Air Lines click here.

Shares of Delta Air Lines closed at $42.26 yesterday.

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